Runway Growth Capital (Runway), a provider of growth loans to both venture and non-venture backed companies seeking an alternative to raising equity, has hired Brad Pritchard as managing director, technology.
Operating out of the Silicon Valley office and reporting directly to founder, chief executive officer, and chief investment officer, David Spreng, Pritchard will primarily make investments in the broader technology industry, including in companies focused on sustainability. Additionally, he will target top venture capital firms and the management teams of leading late-stage technology companies.
Before Runway, Pritchard was a managing director at BlackRock for more than eight years and led the venture lending efforts globally. As part of BlackRock’s US Private Capital (USPC) group, he originated, executed, and managed new investment opportunities in technology and technology-related companies. He also served on both the Investment Committee and the Valuation Committee for USPC, and was president and chief operating officer of BlackRock Direct Lending Corp, a private business development company (BDC).
Pritchard has more than 20 years of experience helping companies raise debt and equity as an investor and investment banker. Before joining BlackRock, he was a managing director at Hercules Capital, a venture lending BDC. Prior to Hercules, he worked at several leading financial services companies, including Wells Fargo Securities, Banc of America Securities, SG Cowen and GE Capital. Pritchard earned an MBA from The Wharton School of the University of Pennsylvania and a BA from the University of California, Berkeley.
